GOLD vs. UCO

Last updated Jun 4, 2026

GOLD (Barrick Mining Corporation) is a stock, while UCO (ProShares Ultra Bloomberg Crude Oil) is Leveraged Commodities fund tracking the Dow Jones-UBS Crude Oil Sub-Index (200%). At a correlation of -0.17, they often move in opposite directions.

Performance

GOLD vs. UCO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Barrick Mining Corporation (GOLD) and ProShares Ultra Bloomberg Crude Oil (UCO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GOLD achieves a 16.19% return, which is significantly lower than UCO's 149.12% return.

GOLD

• 1D: -1.97%
• 1M: -7.53%
• YTD: 16.19%
• 6M: 26.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UCO

• 1D: 2.71%
• 1M: -4.64%
• YTD: 149.12%
• 6M: 137.09%
• 1Y: 120.48%
• 3Y*: 25.90%
• 5Y*: 22.16%
• 10Y*: -11.31%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GOLD vs. UCO - Yearly Performance Comparison

	2026 (YTD)	2025
GOLD Barrick Mining Corporation	16.19%	14.34%
UCO ProShares Ultra Bloomberg Crude Oil	149.12%	-3.88%

Correlation

The correlation between GOLD and UCO is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025	-0.17

Return for Risk

GOLD vs. UCO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UCO

UCO Risk / Return Rank: 54
UCO Sharpe Ratio Rank: 62
UCO Sortino Ratio Rank: 50
UCO Omega Ratio Rank: 50
UCO Calmar Ratio Rank: 69
UCO Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GOLD vs. UCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Barrick Mining Corporation (GOLD) and ProShares Ultra Bloomberg Crude Oil (UCO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GOLD	UCO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.12	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.37	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.32	-0.34	+1.66

Drawdowns

GOLD vs. UCO - Drawdown Comparison

The maximum GOLD drawdown since its inception was -40.58%, smaller than the maximum UCO drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for GOLD and UCO.

Drawdown Indicators

	GOLD	UCO	Difference
Max Drawdown Largest peak-to-trough decline	-40.58%	-99.95%	+59.37%
Max Drawdown (1Y) Largest decline over 1 year	—	-34.77%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-50.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-67.24%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-98.75%	—
Current Drawdown Current decline from peak	-38.32%	-99.23%	+60.91%
Average Drawdown Average peak-to-trough decline	-17.25%	-85.49%	+68.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	18.33%	—

Volatility

Volatility by Period

	GOLD	UCO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	20.83%	—
Volatility (6M) Calculated over the trailing 6-month period	—	46.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	58.82%	57.11%	+1.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.82%	59.78%	-0.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.82%	71.36%	-12.54%

Dividends

GOLD vs. UCO - Dividend Comparison

GOLD's dividend yield for the trailing twelve months is around 1.02%, while UCO has not paid dividends to shareholders.

Position	TTM
GOLD Barrick Mining Corporation	1.02%
UCO ProShares Ultra Bloomberg Crude Oil	0.00%

Frequently Asked Questions

Can I hold both GOLD and UCO in my portfolio?

GOLD and UCO have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.